PYPL has a decent volatility component. Selling the January iron condor instead of the December in order to collect additional premium. The maximum loss for a 10 lot is $10,000 minus the credit received. I will be looking to take it off for approximately a $1,500 profit given the opportunity.
BTO PYPL Jan 165 P / STO PYPL Jan 175 P / STO PYPL Jan 220 C / BTO PYPL Jan 230 C for a credit of 3.20.